I have heard about the PTO initiative at BCG wherein senior leaders can check how the team members feel, their workloads, learnings, etc.
I wanted to check whether McKinsey and Bain too have similar initiatives or not.
Lifestyle Initiatives at MBB
Overview of answers
Upvotes
Best answer
McKinsey does, but it really depends on the country how well this feedback is taken into account. For example, in Sweden it is taken VERY seriously – at some point I was a manager on a very difficutl DD and my team didn't have a great lifestyle, they filled out the weekly form (team barometer) and the next day I got a call from an office manager (the main senior partner in the Stockholm office) who asked me what was up.
However, in Germany in my experience nobody cares :) tactically, it's not even good to have a too good of a team barometer in Germany, because the partners will then think you as a manager are not challenging your teams enough :) So, really region-specific.
Was this answer helpful?
Yes Bain has a similar initiative, and they take it seriously. In fact upward feedback from A and C based on this dimension is an important element in the evaluation of managers.
Was this answer helpful?
Hello,
Nowadays there are similar initiatives in every company but you should try to understand what is the real importance given to these initiatives internally.
I can assure you that in BCG PTO is extremely important and that every week there is a public matrix (in the office restaurant) summarizing the weekly results without any kind of censure.
Best,
Luca
Was this answer helpful?
Hello!
Yest indeed!
Mckinsey has a very similar initiative, with results publised at office level in a weekly basis.
There, a number of KPIs are reported: whether teams are going home for dinner, overall mood, whether people have been ables to fullfull their personal comitments, etc.
However, in Mckinsey, the performance of the teams in this regard is not linked to any sort of bonus, etc.
I know in Bain, average of hours worked per team and at office level have been weekly reported and commented for years too.
Hope it helps!
Cheers,
Clara
Was this answer helpful?
Yes, MBB have these initiatives and they vary depending on the geography.
Best,
Antonello
Was this answer helpful?
Related Cases
Expert case by Francesco
Topics:
Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US.The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadv
... (Open whole case)
27.3k
Times solved
Advanced
Difficulty
Expert case by Luca
Topics:
Espresso Whatelse is an Italian company that produces coffee and espresso machines since 1908. It is the Italian market leader and has a strong presence overall in Europe. In 2019, Espresso Whatelse has increased its revenues but it has seen declining profit margin.Your client wants to understa
... (Open whole case)
15.5k
Times solved
Advanced
Difficulty
Expert case by Francesco
Style:
Topics:
Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client?
... (Open whole case)
10.6k
Times solved
Intermediate
Difficulty
Expert case by Ian
Topics:
[PLEASE NOTE: This is a technically difficult case and should only be completed by those coming in as a Technology specialist, i.e. recruiting for McKinsey Digital, BCG Platinion, etc.]Our client is a multinational oil and gas company. While they are vertically integrated and have upstream, midstrea
... (Open whole case)
10.3k
Times solved
Advanced
Difficulty
Expert case by Ian
Style:
Sky China, a government-backed Chinese airline, has recently seen profits plummet due to COVID-19. Profits are down 80% in the months of February and March, but are showing early signs of a rebound in April. They've brought you in to first investigate what can be done immediatedly to prevent he
... (Open whole case)
6.3k
Times solved
Intermediate
Difficulty
Related Companies
Content Creator
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
236
Meetings
1,222
Q&A Upvotes
51
Awards
121 Reviews
